Global Sebacic Acid Market is profiled in great detail in the latest research report from Market Research Future (MRFR). Global Sebacic Acid Market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the Sebacic Acid Market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the sebacic acid market’s growth trajectory over the forecast period are provided in the report. The leading players in the Global Sebacic Acid Market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the Global Sebacic Acid Market. The major drivers and restraints affecting the Global Sebacic Acid Market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Sebacic Acid is a dicarboxylic acid naturally found as a white crystalline solid. It is a non-hazardous acid widely used in the production of bio-polyamides. Personal care products and cosmetics are also a major end-use application for Sebacic Acid. The growing demand for personal care products from urban consumers is likely to be a major driver for the Global Sebacic Acid Market over the forecast period.
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Sebacic Acid has become an important industrial commodity in recent years due to its use in the production of bio-polyamides. Bio-polyamides are widely used in various applications where conventional polyamides have traditionally been used. Bio-polyamides have the advantage of being biodegradable, which reduces their environmental impact and makes them eco-friendly. Thus, bio-polyamides have become widely popular in industries such as automotive and construction, as well as electrical and electronics. This is likely to remain a major driver for the Global Sebacic Acid Market over the forecast period.
On the other hand, the easy availability of substitutes such as adipic acid, azelaic acid, and others is likely to be a major restraint against the Global Sebacic Acid Market over the forecast period.
Leading Players in the Global Sebacic Acid Market include Inolex Incorporation, Croda International plc, Shanxi Zhengang Chemical Co. Ltd., Tianxing Biotechnology Co. Ltd., Sebacic India Ltd., Casda Biomaterials Co. Ltd., Hokoku Kogyo Co. Ltd., Evonik, and Arkema Group.
Global Sebacic Acid Market is segmented on the basis of Application and Region.
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By Application, Global Sebacic Acid Market is segmented into personal care and cosmetics, plasticizers, solvents, adhesives, textiles, candles, and others. The personal care and cosmetics segment held a dominant 25% share in the Global Sebacic Acid Market in 2017 and is likely to dominate the Global Sebacic Acid Market over the forecast period. The plasticizers segment also held a significant share in the Global Sebacic Acid Market in 2017 and is likely to be a major consumption channel for Sebacic Acid over the forecast period.
Global Sebacic Acid Market is segmented on the basis of region into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Asia Pacific is the largest regional market for Sebacic Acid and is likely to dominate the global market over the forecast period. The growing demand for personal care products and cosmetics from urban consumers in newly urbanizing countries such as China, India, Japan, South Korea, and Indonesia is likely to be a major driver for the Sebacic Acid Market in Asia Pacific over the forecast period. The growing demand for Sebacic Acid in paints and coatings, driven by the growing construction industry in the region, is also likely to be a major driver for the sebacic acid market in Asia Pacific.
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